The jackpot for the Powerball draw on Wed Feb 18, 2026, is projected to be $169 Million, with an option for a cash payout of $79.2 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Wed Feb 18, 2026 |
|---|
| Draw Date | Wed Feb 18, 2026 | | Projected Jackpot | $169,000,000 | | Cash Value | $79,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,200,000 | | Federal Tax(24%) | $19,008,000 | | Additional Federal Tax | $10,256,330 | | State Tax(8.82%) | $6,985,440 | | Net Lumpsum Payment | $42,950,230 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,543,619 |
$901,469
$224,347 |
$1,417,803 |
| 2 |
$2,670,876 |
$948,555
$235,571 |
$1,486,750 |
| 3 |
$2,804,386 |
$997,953
$247,347 |
$1,559,086 |
| 4 |
$2,944,656 |
$1,049,853
$259,719 |
$1,635,084 |
| 5 |
$3,091,855 |
$1,104,317
$272,702 |
$1,714,836 |
| 6 |
$3,246,490 |
$1,161,532
$286,340 |
$1,798,618 |
| 7 |
$3,408,730 |
$1,221,560
$300,650 |
$1,886,520 |
| 8 |
$3,579,251 |
$1,284,653
$315,690 |
$1,978,908 |
| 9 |
$3,758,222 |
$1,350,873
$331,475 |
$2,075,874 |
| 10 |
$3,946,150 |
$1,420,406
$348,050 |
$2,177,694 |
| 11 |
$4,143,373 |
$1,493,378
$365,445 |
$2,284,550 |
| 12 |
$4,350,567 |
$1,570,040
$383,720 |
$2,396,807 |
| 13 |
$4,568,070 |
$1,650,516
$402,904 |
$2,514,650 |
| 14 |
$4,796,558 |
$1,735,057
$423,056 |
$2,638,445 |
| 15 |
$5,036,369 |
$1,823,787
$444,208 |
$2,768,374 |
| 16 |
$5,288,179 |
$1,916,957
$466,417 |
$2,904,805 |
| 17 |
$5,552,495 |
$2,014,754
$489,730 |
$3,048,011 |
| 18 |
$5,830,162 |
$2,117,490
$514,220 |
$3,198,452 |
| 19 |
$6,121,687 |
$2,225,355
$539,933 |
$3,356,399 |
| 20 |
$6,427,746 |
$2,338,596
$566,927 |
$3,522,223 |
| 21 |
$6,749,184 |
$2,457,528
$595,278 |
$3,696,378 |
| 22 |
$7,086,677 |
$2,582,401
$625,045 |
$3,879,231 |
| 23 |
$7,440,901 |
$2,713,464
$656,287 |
$4,071,150 |
| 24 |
$7,813,039 |
$2,851,155
$689,110 |
$4,272,774 |
| 25 |
$8,203,598 |
$2,995,662
$723,557 |
$4,484,379 |
| 26 |
$8,613,930 |
$3,147,484
$759,749 |
$4,706,697 |
| 27 |
$9,044,542 |
$3,306,811
$797,729 |
$4,940,002 |
| 28 |
$9,496,786 |
$3,474,141
$837,617 |
$5,185,028 |
| 29 |
$9,971,676 |
$3,649,851
$879,502 |
$5,442,323 |
| 30 |
$10,470,226 |
$3,834,314
$923,474 |
$5,712,438 |
|
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